WEST SACRAMENTO, Calif. – CalSTRS voted its 11.6 million shares against long-tenured board members John D. Baker II, John S. Chen, Lloyd H. Dean, Enrique Hernandez, Jr., Donald M. James, Cynthia H. Milligan, Federico F. Peña, Stephen W. Sanger, and Susan G. Swenson. These board members failed in their duty to shareholders to identify the weaknesses in the company’s risk and oversight mechanisms.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System today announced that Governor Brown has appointed Karen Yamamoto to the California State Teachers’ Retirement Board. The board oversees the retirement benefits for California’s prekindergarten–12 and community college educators covered under the California State Teachers’ Retirement System (CalSTRS).
As an institutional investor, CalSTRS is committed to the proposition that better corporate governance leads to greater long-term value and increased returns. Numerous studies acknowledge that diverse boards initiate strategic changes more effectively, increase the exchange of ideas and lead to better performance.
In this video, Chair of the Teachers’ Retirement Board, Harry Keiley, explains the role CalSTRS played in the naming of Facebook COO, Sheryl Sandberg to its board of directors and why the advancement of board diversity creates better long-term shareholder value.
As an institutional investor, CalSTRS advances the practice of long-term value creation. CalSTRS is committed to the proposition that better corporate governance leads to greater long-term value and increased returns.
In response to media reports of a company that has failed to uphold the highest ethical standards, Harry Keiley, Chair of the Teachers’ Retirement Board, explains why good corporate governance is significant to ensuring retirement security.
CalSTRS advances the practice of long-term value creation. We recognize the need to protect and grow the assets California’s educators have entrusted to us. However without fundamental changes in market practices, billions of dollars, millions of people and the health of our planet are at risk.
In this video, Chair of the Teachers’ Retirement Board, Harry Keiley, explains why bolder environmental, social and corporate governance efforts are necessary to sustain the environment and increase returns.
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